Currency Forward Contract – Imports

When a business undertakes import trade with overseas suppliers and makes payment in a foreign currency it needs to try and protect itself from fluctuations in the currency exchange rate. One method of achieving this is to buy the foreign currency using a currency forward contract.

Currency Forward Contract – Imports October 6th, 2017Team
Read more

Foreign Exchange Forward Contract Accounting

When a business undertakes export trade with overseas customers and receives payment in a foreign currency it needs to try and protect itself from fluctuations in the exchange rate. One method of achieving this is to sell the foreign currency using a foreign exchange forward contract.

Foreign Exchange Forward Contract Accounting October 5th, 2017Team
Read more

Foreign Currency Transaction Bookkeeping

When a business trades overseas either importing from suppliers or exporting to customers, the transactions are normally conducted in a foreign currency. Since the business reports in a different currency it must reflect any exchange gain or loss when accounting for foreign currency transactions.

Foreign Currency Transaction Bookkeeping July 25th, 2017Team
Read more

Accrual to Cash Conversion

The accruals and cash basis of accounting are two different methods of preparing financial statements. A business can calculate information relating to cash receipts and payments from it’s accrual based accounting system using accrual to cash conversion formulas.

Accrual to Cash Conversion May 16th, 2017Team
Read more

Cash to Accrual Conversion

The cash and accruals basis of accounting are two different methods of preparing financial statements. The conversion from cash basis to accrual basis can be carried out using cash to accrual conversion formulas.

Cash to Accrual Conversion May 9th, 2017Team
Read more

Accrued and Deferred Income and Expenditure Journals

The accrued and deferred income and expenditure journal entries below act as a quick reference, and set out the most commonly encountered situations when dealing with the double entry posting of accrual and deferral transactions.

In each case the journal entries show the debit and credit account together with a brief narrative.

Accrued and Deferred Income and Expenditure Journals May 9th, 2017Team
Read more

Accruals and Deferrals

Accrual and deferral journal entries are posted to ensure that revenue and expenditure are included in financial statements on an accruals not a cash basis.

Accruals and Deferrals September 18th, 2017Team
Read more

Royalties in Accounting

Royalty accounts are used to record royalties paid by a licensee to a licensor for the use of a long term asset owned by the licensor.

Royalties in Accounting April 19th, 2017Team
Read more

Adjusting Entries Examples

The adjusting journal entries below act as a quick reference, and set out the most commonly encountered situations when dealing with the double entry posting of adjusting entry transactions.

In each case the journal entries show the debit and credit account together with a brief narrative.

Adjusting Entries Examples March 23rd, 2017Team
Read more

You May Also Like


Related pages


simply accounting trialfinal step in the accounting cycledefine sundry creditorsexcel margin formulastock adjustment journal entryraw material requisitionperpetual inventory system formuladividend declaration templatenpv formula excel exampleje dividendaccounting entries for fixed assetsgoodwill accounting journal entryfifo perpetual inventory systemsum of years digits depreciation formulavariable overhead efficiency variance formulacalculate outstanding balance on mortgagebookkeeping journalcredit entry to accounts receivablejournal voucher templatepetty cash entryafda accountingstraight amortizationoutstanding mortgage calculatorinventory valuation examplesaccounting for debt factoringnature of bills receivable accounthow to post journal entries to general ledgerannuity growth formulaoperating lease formulaspending variance formulacash disbursementshow to calculate underapplied overheaddifference between markup and gross profitaccounting entry for bad debtspetty cash imprest systemroce return on capital employedimpairment journal entrysimple bookkeeping spreadsheetunearned revenue in accountingpetty cash flowaccounting treatment of finance lease in the books of lessorcash cheque definitionjournal entry for prepaymentannuity due payment calculatortotal labor variance formulapetty cash float definitionexample of statement of retained earningspurchase return and allowancesexample of petty cash booktrial balance dividendspresent value lump sum formulanpv formula constant cash flowentry for bad debtsbank debit memo journal entryunpaid balance calculatorsample accounting worksheetdifference between profit margin and markupamortised bondpurchase ledger control account examplehow to calculate the contribution marginsample chart of accounts for rental propertytemplate for a voucherbank reconciliation interview questionsequation rearranger onlineaccounts receivable quizconsumable expensesbills payable and bills receivable pdfintangibles on balance sheetvolume variance analysispurchase accounting journal entriespercentage of accounts receivable methodprepayment balance sheetperpetuity calculator future value